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Afrox retains Sasol contract, boosts value
African Oxygen Limited
(Incorporated in the Republic of South Africa)
(Registration number 1927/000089/06)
ISIN: ZAE000067120
JSE code: AFX
NSX code: AOX
("Afrox")
Afrox retains Sasol contract, boosts value
Shareholders are advised that Afrox has retained its contract to supply Sasol
with compressed gases until 31 December 2020. Annual value of compressed
gas sales to Sasol is currently R26 million and this five-year contract
extension is expected to result in total sales to the value of R150 million.
In addition, Sasol purchased a wide range of hard goods on contract from
Afrox and in January 2014, this contract was also extended for a further
five-year period until January 2019. The estimated total value of sales as a
result of the welding contract extension is R32 million.
“The extension of our gas supply contract ensures a mutually beneficial
business relationship with this major South African and globally recognised
fuels and chemical supplier continues and improves,” said Afrox Managing
Director, Brett Kimber. “We supply Sasol with many locally manufactured
special and imported gases and over the years it has become Afrox's largest
local special gases customer.”
Johannesburg
10 September 2014
Sponsor
One Capital
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